VANCOUVER, Aug. 27 /CNW/ - Aldridge Minerals Inc. ("Aldridge" or the
"Company") (TSX-V: AGM) announced today that its recently conducted Induced
Potential (IP) geophysical survey at the Yenipazar Au-Ag-Cu-Pb-Zn deposit has
significantly extended the strike length potential.
IP-measurements over a known portion of the Yenipazar deposit gave a very
concise image, which was calibrated with the known drill results. The same
IP-chargeability pattern was found in strike prolongation along the entire
survey to about 500 m south of southernmost mineralized drillholes (reported
in the Aldridge news release from July 26, 2007). This would bring the total
known strike length of the mineralization to about 1500 m at a width of
In contrast, the independently calculated resources of 7.45 Mt (Aldridge
news releases from May 9 and July 3, 2007) are contained in a strike length of
only 560 m.
Aldridge President & Director, Hikmet Akin, said, "By more than doubling
the previously reported strike length, we are demonstrating the significant
potential of further mineralization and ultimately an increase in the resource
at Yenipazar. As Yenipazar has continued to produce positive results, we
continue to increase our activities in a project that we feel will create
value for our shareholders."
Follow-up drill holes on the chargeability anomalies in strike
prolongation of the orebody are in progress. Additionally, Aldridge has
scheduled a follow-up IP-survey to start on August 27. This survey shall
explore the potential yet further to the south, and to the north, and test the
mineralization potential over a total strike-length of 3000 m.
Martin S. Oczlon, PhD Geo, a director of Aldridge and Qualified Person as
defined in NI 43-101, has reviewed and verified the technical content of this
Aldridge is active in the exploration and development of gold and base
metal projects in Turkey.
Aldridge Minerals Inc. is a Canadian-based junior mining company formed
in 1994 as a minerals exploration company. Aldridge's current main project is
the Yenipazar gold, silver, copper, lead, and zinc deposit in central Turkey,
where the company has drilled 120 holes for resource definition since May
2007. The Company also holds the Derinkoy gold-silver exploration license in
the Pontide copper-gold belt of NE Turkey. For further information, please
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: Hikmet Akin, President & Director, Aldridge
Minerals, (604) 737-2743 Or Andreas Curkovic, The Equicom Group, (416)
815-0700 x262, firstname.lastname@example.org; www.aldridgeminerals.com